Principles of Risk Management and Insurance, 13th Edition

Building and Personal Property Coverage Form

The building and personal property (BPP) coverage form is a commercial property coverage form that is widely used to cover a direct physical damage loss to commercial buildings and business personal property.

Covered Property

The insured selects the property to be covered. Covered property can include the following:

• Buildings

• Named insured’s business personal property

• Personal property of others in the care, custody, or control of the named insured

For any of these coverages to apply, the declarations page must show a limit of insurance for that category. Depending on its needs, a business firm can elect one or all three coverages.

Building

The form covers the building described in the declarations ...